UK government seeking to give courts new powers to track down crypto assets February 25, 2022 The UK government is drawing up new rules to tackle crypto fraud, with a view to making it easier for courts to trace crypto assets. Speaking at a legal conference yesterday, Sir Geoffrey Vos, one of Britain’s most senior judges, said a sub-committee of the body that writes the rules for civil courts, is seeking [...]
IAG fleet not having same issues as Qatar Airways, boss says February 25, 2022 IAG’s boss Luis Gallego said today the airline’s Airbus A350 fleet is not experiencing the same level of degradation as Qatar Airways. “We don’t have the same type of issues that Qatar has, and we are operating A350s, and we have not had problems,” the chief executive explained, adding that the EU aviation safety regulator, [...]
Watchdog launches investigation into Elon Musk and brother over alleged insider trading February 25, 2022 The US’s top financial watchdog has reportedly launched an investigation into Elon Musk and his brother Kimbal over insider trading, after the Tesla boss held a poll on twitter asking if he should sell off his stake in the firm.
UK slams Russia’s airline restrictions as “retaliation” to Aeroflot ban February 25, 2022 The UK has slammed Russia’s decision to restrict its airspace to British airlines as “retaliation” to yesterday’s ban of Moscow airline Aeroflot. “I think that’s their retaliation for us yesterday banning Aeroflot from using and landing in the United Kingdom,” defence secretary Ben Wallace said to ITV’s Good Morning Britain. “That’s their tit for tat [...]
John Glen: How I’m going to reform EU’s Solvency II post-Brexit February 25, 2022 This government has been clear about its vision for turning the UK into the most open and dynamic financial services sector on the planet. We understand the crucial contribution the sector already makes to this country and are determined, post-Brexit, that it fulfil its huge potential. A big part of that will be about unleashing [...]
Ukraine invasion: markets one step closer to “peak uncertainty” February 25, 2022 We’re all shocked and saddened by events in Ukraine. Although we are talking here about the impact on markets, we acknowledge first and foremost that this is a human crisis with potentially awful consequences for millions of people. However, at times like this our clients expect us to stay level headed, which is what we’re [...]
Jupiter Fund Management reports profits boost despite outflows February 25, 2022 Asset management giant Jupiter recorded a 21 per cent surge in profits last as the firm’s acquisition of Merian led to a boost in performance.
Mike Ashley’s Frasers Group snaps up online retailer Studio after firm’s funding bid fails February 25, 2022 British retail conglomerate Frasers Group, which owns shops including House of Fraser and Evans Cycles, has acquired online and mail order shopping company Studio Retail Group, following the firm’s collapse earlier this month. Frasers Group – the firm initially set up as Sports Direct International by British retail billionaire Mike Ashley – has acquired Studio [...]
British Airways owner IAG closes losses as it heads towards recovery February 25, 2022 British Airways owner International Airlines Group (IAG) said a “recovery is underway” today as it closed losses for the year and reported a rise in passengers.
On the Beach posts promising results as travel sector recovers February 25, 2022 Package holiday retailer On the Beach said it had begun to see the first “green shoots of recovery” in the Autumn of 2021, before the recovery was spoiled by the spread of the Omicron variant. On the Beach said its sales in September and October 2021 were higher than they were before the pandemic, in [...]
